Properties in Washington Sold Faster than the National Average in July

Research Economist, Scholastica (Gay) Cororaton, published a blog in the Economists’ Outlook highlighting the states where properties sold the fastest between May and July 2015. Basing her article on the results of the National Association of Realtors’ July 2015 REALTORS® Confidence Index Survey of 50,000 real estate experts, Cororaton reported that the national average number of days properties were on the market was 42 days. This was slightly faster than in July 2014 when properties were typically on the market for 48 days, but was slower than in June when the median days on the market was 34 days. Of the eleven states, including the District of Columbia, identified as selling properties the fastest was Washington.

The median number of days a property was on the market in Washington was less than 30. Both Idaho and Montana’s median number of days on the market ranged between 31 and 45 days while Wyoming’s median days on the market ranged from 61-90 days. To read the full blog, visit http://bit.ly/1OvPqbH.

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